BIRAC approves setting up of BioNEST in Manipal
January 12, 2021
To help promote bio-tech innovation ecosystem
Biotechnology Industry Research Assistance Council (BIRAC), a public sector enterprise by the Department of Biotechnology of the Government of India, has approved the setting up of a BioNEST (Bio incubators Nurturing Entrepreneurship for Scaling Technologies) at the Manipal Academy of Higher Education (MAHE) campus in Manipal.
MAHE’s initiative to BIRAC to augment the facilities by establishing BioNEST was granted at the existing Manipal-Government of Karnataka (GoK) Bioincubator, supported by the Karnataka Innovation and Technology Society (KITS) and MAHE.
A press release said that the facility will be set up at a cost of ₹6.2 crore with world-class infrastructure. BioNEST is aimed at catering to the needs of incubating innovative biotechnology enterprises and at promoting a biotechnology innovation ecosystem.